Weather Channel CEO Sees Blue Skies Despite 74 Percent Drop in Network Valuation

There’s a storm a-brewin’ at the Weather Channel.

Comcast — the parent company of NBCUniversal and the Weather Channel — took a $252 million impairment charge on its 2008 investment in the Weather Channel last week. On Thursday, when Comcast reported its second quarter 2015 financials, the company valued its Weather Channel holdings at $86 million, a precipitous drop from the $336 million it calculated at the end of 2014.

To make matters worse — or at least...

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